AOF FLORIDA AFFORDABLE HOUSING CORP (EIN 812682104) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

PHILIP J KENNEDY

Phone

7709370377

Tax Period

2018-07-01 to 2019-06-30

AOF FLORIDA AFFORDABLE HOUSING CORP, founded in 2016, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2018. Revenue surged 157% from the prior year, signaling strong growth momentum. Expenses of $7.6M left a modest 14% surplus.

Mission

THE CORPORATION WAS ORGANIZED TO ACQUIRE, REHABILITATE, OPERATE AND SELL AFFORDABLE HOUSING FOR LOW-INCOME, ELDERLY AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,396,102

Investment Income $7,493,288

Other Revenue $0

TOTAL REVENUE $8,889,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,224

Fundraising Expenses $0

Program Expenses $7,502,915

Other Expenses $7,370,924

TOTAL EXPENSES $7,618,148

Year-over-Year Comparison

	2018	2017	Change
Revenue	$8,889,390	$3,461,272	+1.6%
Expenses	$7,618,148	$4,225,066	+0.8%
Net Income	$1,271,242	$-763,794	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,226,249

Total Directors

$1,226,249

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP J KENNEDY	PRESIDENT, TRUSTEE	1.00	Officer Director	$0	$59,129	$546,129
ROBERT R DERRICK	TRUSTEE	0.20	Director	$0	$0	$0
WILLIAM F FISHER III	TRUSTEE	0.20	Director	$0	$0	$0
KATHRYN T WALKER	VICE PRESIDENT, TRUSTEE	1.00	Officer Director	$0	$53,556	$313,556
THOMAS NULL	VICE PRESIDENT, TRUSTEE	1.00	Officer Director	$0	$43,022	$366,564

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$8,889,390	$7,618,148	$31,019	$1,271,242
2018	$3,461,272	$4,225,066	$24,941,523	$-763,794

AOF FLORIDA AFFORDABLE HOUSING CORP